dank69
Lifer
- Oct 6, 2009
- 35,341
- 28,613
- 136
Nobody knew the economy would be so complicated.Well that seems to have done the trick
Nobody knew the economy would be so complicated.Well that seems to have done the trick
It will become sentient and then immediately appointed to a senior position in the administration?2016 - 2020; When Morons Ruled
Christ on a Cross... is there anything that this man touches that won't turn to shit? Like, what would happen if Trump touched shit?
It will become sentient and then immediately appointed to a senior position in the administration?
Talking points about how the Democrats created the virus are still being downloaded.Where are the chuds to defend their god?
Yes.... I do believe this market crash was coming all along and has nothing to do with the virus but indeed the result of Trump failed economic policies coming home to roost.
PPT team came in and bought futures starting at around 2:20 pm or so. There's lot going on behind the scene besides rate cut. That's not the only tool they're using. Government has unlimited printing press.
I am no fan of Trump for sure, but to say the virus has nothing to do with this is foolish. My wife works in the trade show industry and the fear of this virus is having a MASSIVE effect on her industry. Trade shows are being cancelled left and right.
That only happens for people with critical reasoning skills...and that seems to be lacking lately.That moment when people realize their leaders are stupid.
It will become sentient and then immediately appointed to a senior position in the administration?
"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."
Nothing in there about propping up stock prices, so what the hell is the Fed doing?
"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."
Nothing in there about propping up stock prices, so what the hell is the Fed doing?
Totally sucks for people who save money.Well if its cheaper for you to borrow money while you are stuck in your house to buy food and shit then fine.
Totally sucks for people who save money.
I wish it were about a year from now, with some of the rates I'm seeing I'd consider ittotally. But they dont want you to save money. Buy a house and rent it out.
I need it to be after July when I reach full retirement age so I can pull some 401k money out to pay down and refi at the same time. Before then I take a much bigger hit.I wish it were about a year from now, with some of the rates I'm seeing I'd consider it
"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."
Nothing in there about propping up stock prices, so what the hell is the Fed doing?
If we were decent we'd be using that money to support people that can't/shouldn't go to work, not the rich losing some paper wealth on wall street (speaking as someone that is down about 100K in the last week). That is how we keep this from becoming a huge recession and help prevent the spread of the virus.You can print all the dollars you want, it will not make people get out of their houses and go back to work, it will not re-open foreign supply chains.